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View Full Version : Apple Computers (APPL) crosses the $20/share mark!


BigJayhawk
Jul 7, 2003, 03:15 PM
Setting a 52 week high TODAY, Apple Computer briefly crossed the $20/share mark and is still hovering in the high $19/share range. This is the highest that Apple stock has been in WELL OVER a year.

As recently as May, Apple was barely above the $13/share mark representing more than a 50% raise in stack value in about 2 months.

Not bad at all when your bank account is gaining about 1% ANNUALLY these days!?!

Kwyjibo
Jul 7, 2003, 03:40 PM
thats awesome.....I can't wait to see what happens when itunes for windows and international appears....then maybe $25 or $30...or if apple definitively defends all those benchmarks

Mr. Anderson
Jul 7, 2003, 03:44 PM
Yeah, saw that today - unfortunately my Apple stock was purchased at around $21-$22 - so I'm still hoping.....

Good for Apple though!

D

MacManDan
Jul 7, 2003, 03:57 PM
This is great news! I bought Apple stock a couple of months ago and it's gone up about 18-19% since then. Too bad I didn't buy that many shares. Hopefully the G5s will be very popular and push up the stock even higher! (for poor Mr. Anderson ;) )

Warren
Jul 7, 2003, 04:05 PM
Apples stock pretty much followed the rise of the Nasdaq in general today. I hope it will stick arund $20 but wouldn't count on it. There will probably be a correction in the next week or so and the Nasdaq and apple will slip back.

Shipping G5s and ITMS for windows will do a lot more for apples stock then a one day bubble.

thebt
Jul 7, 2003, 04:17 PM
Originally posted by Mr. Anderson
Yeah, saw that today - unfortunately my Apple stock was purchased at around $21-$22 - so I'm still hoping.....


Mmmm, I still have some that I bought at 61$, I'll have to wait (and hope) a long time :(
But of course I also bought some at 16$, so that for the moment I'm almost break-even :)

Vlade
Jul 7, 2003, 04:18 PM
I think once I start investing in a while macrumors will be my best research website :)

topicolo
Jul 7, 2003, 04:18 PM
I think we're already experiencing the long-awaited recovery of the stock market. we may actually be moving into a real bull market and the momentum is a pretty good indicator (although there could be corrections).

BigJayhawk
Jul 7, 2003, 07:19 PM
Originally posted by thebt
Mmmm, I still have some that I bought at 61$, I'll have to wait (and hope) a long time :(
But of course I also bought some at 16$, so that for the moment I'm almost break-even :)

Well, at least the stock that you bought at $61 has split 2 for 1 since then so you really bought it at $30.50 (with relation to the current value). You're getting closer now to your original value.

Also, as to the "one day high" comment earlier, Apple stock has consistently went up almost every day since May. I was not saying that it has went up just today. It has been a steady climb from the $13+ range to the $20 range.

Macmaniac
Jul 7, 2003, 07:23 PM
Well I will continue to kick myself over the fact that I did not sell when they hit $150. I could have made $5000 off 35 shares:(

BigJayhawk
Jul 7, 2003, 10:09 PM
Originally posted by Macmaniac
Well I will continue to kick myself over the fact that I did not sell when they hit $150. I could have made $5000 off 35 shares:(

If you picked EXACTLY the right time BUT you'd have 70 fewer shares now OR only $2500 to show for your 35 sold shares (the stock split 1 for 2 since the stock value was around $150/share).

thebt
Jul 8, 2003, 10:18 AM
Originally posted by BigJayhawk
Well, at least the stock that you bought at $61 has split 2 for 1 since then so you really bought it at $30.50 (with relation to the current value). You're getting closer now to your original value.


Actually I bought them at $121 before the stock split, so that would make around $61 now :(
But I only bought 50 of them...
And the last year I bought hundreds more at a lower rate! ;)

BigJayhawk
Jul 8, 2003, 08:34 PM
Originally posted by thebt
Actually I bought them at $121 before the stock split, so that would make around $61 now :(
But I only bought 50 of them...
And the last year I bought hundreds more at a lower rate! ;)

So you would have "made" about $900 on your $3600 investment. Not too shabby but way to have LONG TERM faith in Apple. Now let's hope you were not wrong to hold onto the stock afterall.

BigJayhawk
Jul 8, 2003, 08:36 PM
Way to go Apple!!! And the G5 hasn't even shipped yet, the iTunes for Windoze is not out yet and the Panther is still on the prowl!!

Let's keep the momentum!

topicolo
Jul 10, 2003, 12:10 AM
Originally posted by Macmaniac
Well I will continue to kick myself over the fact that I did not sell when they hit $150. I could have made $5000 off 35 shares:(
You spent $7.14 on each share? when did you buy into apple?